Formal letter is a business or official letter. They are written to complaint or inform something. These letters include applications‚ letters to editors‚ official letters‚ letters to and from organizations‚ government departments etc. These letters have an objective or business-like style of writing. Points To Remember: 1. Mentioning the subject is a must in a formal letter. 2. The formal letter should be brief‚ simple and concise. 3. It should focus on the issue rather than dwindling on various
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Consignment Agreement Effective Date ____/____/______ Between Enter Store Name‚ further referred to as “[Seller]”‚ Located at Address‚ City‚ State And Company/Manufacturer‚ further referred to as “[Consignee]” Located at City‚ State Both parties agree to the following terms: The Seller agrees to place on display the mutually agreed upon item or items in a prominent area of his place of business. The Seller is entitled to retain 40% of the purchase price of each sale for such display.
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USIU BUS 3010 BUSINESS LAW LAW AGENCY NOTES AGENCY LAW The law of agency in Kenya is basically that of the English Common Law. It deals with the relationships that arise when one person‚ the agent‚ is used by another‚ the principal‚ to perform certain tasks on his behalf. CREATION OF THE AGENCY RELATIONSHIP Agency may be created in four ways namely‚ i. By contract ii. By Ratification iii. By Estoppel iv. By operation of the law Agency by Contract This may either be by express contract
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The Effectiveness of Pro-market Reforms‚ Ownership Structure and The Institutional framework at Addressing the Agency Problem and how Different Types of Firms in Transition Economies are affected by these measures. As economies grow‚ in order for businesses to retain market shares‚ they can no longer rely on organic growth‚ many seek external finance either through initial public offerings or through banks‚ mutual funds and insurance companies. Although there are many side benefits of pursuing
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01/TMA/2013-14 Coverage : All Blocks Maximum Marks: 100 Attempt all the questions 1. Explain in detail four of the main multilateral environmental agreements with trade provisions. (20) 2. “All contracts are agreements but are agreements are not contracts”. Comment upon the statement‚ with suitable illustration. (20) 3. Differentiate between the following: (a) Domestic and foreign environments (b) Classical theory and
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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A contract is a legally binding agreement or relationship that exists between two or more parties to do or abstain from performing certain acts. A contract can also be defined as a legally binding exchange of promises between two or more parties that the law will enforce. For a contract to be formed an offer made must backed acceptance of which there must be consideration. Both parties involved must intend to create legal relation on a lawful matter which must be entered into freely and should be
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NRS 430V CLC Group Project Agreement Grading Criteria CLC Course Information Course Name/Section Number: Professional Dynamics / NRS-430V-0101 Instructor’s Name: Monica Kidder Start Date of the Course: 3/10/2014 CLC Member Contact Information (Who is in our group?) CLC Member Name Primary E-mail Address Secondary E-mail Address Other Contact Information CLC Group Values (What do we need to do to ensure our team’s success?) What Each Team Member Agrees to Do Why This Is
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ATHEISM Atheism can be defined simply as ‘the absence of belief in gods’. There is‚ unfortunately‚ some disagreement about the definition of atheism. It is interesting to note that most of that disagreement comes from theists — atheists themselves tend to agree on what atheism means. Christians in particular dispute the definition used by atheists and insist that atheism means something very different. No claims or denials are made — an atheist is just a person who does not happen to be a theist
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Private equity is usually medium to long-term finance provided in return for an equity stake in potential high growth unquoted companies. These equity investments include securities that are not listed on a public exchange and are not easily accessible to most individuals [1]. There are usually available only to high net worth individual ’s‚ corporation ’s‚ institutional clients etc. These investments range from initial capital in start-up enterprises to leveraged buyouts of fully grown-up corporations
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